The place has just been reduced to 229950 from 250000 (no interest for 4 weeks). Vendors keen to sell.

Do you think it's worth offering 210000 for it (total of ~17% off initial asking-- similar houses sold for ~230000 in neighbouring lanes last year) or let this one go and wait for prices to fall?

I always (for last 3 years) thought I'd buy when ineterst on mortgage was equal to current rent (Â£700). On 5% Â£170,000 mortgage, it is just about even now. Or would I just be contributing to dead cat bounce???

Ta

H

PS: rented for last 5 years here and 3 years abroad so sick of moving every 2-3 years.

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I think the vast majority on this forum think the market is going to fall further, some say much further. I suspect that it has another 10% or so to go. I base that on rising unemployment and poor economic results. I could be very wrong of course. It's all a matter of opinion.

Having said that even if you were to put in an offer now, I'd offer quite a bit less than the amount that you have indicated.